“It is fascinating just how quickly sentiments can change”
Sounds like a classic bubble that people have been warning about. Tulips all over again?
https://www.cnbc.com/amp/2022/05/02/warren-buffett-wouldnt-s...
Sounds like a classic bubble that people have been warning about. Tulips all over again?
https://www.cnbc.com/amp/2022/05/02/warren-buffett-wouldnt-s...
No-one learned their lesson after 2018, so they aren’t about to start now.
People like easy money. If you tell them the truth, they’ll just accuse you of trying to trick them into staying poor.
It’s a can’t lose business model!
Sarcasm aside, the total return of Bitcoin since the peak in 2017 is now approaching 0% ($20k peak). I suspect that alone will do more to break the spirit of the twitter hype mafia than anything else.
Even after everything that has happened lately, regular old S&P 500 index funds are up about 65% in that same time.
Then there are people who simply don't know better and were conned into throwing money at crypto.
A few months ago I read a post on Reddit who someone who is now a teacher uses them as a occasionally gift for pupils: https://www.reddit.com/r/mildlyinteresting/comments/s5rz7s/c...